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Joindre Capital Services Ltd. Sebi Regn No JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INZ000174034 DAILY REPORT 28th May 2019 RBI to hold state bonds, term repo auctions; Sun Pharmaceutical, Punjab National Bank, Aurobindo Pharma, NMDC, Pfizer India, SpiceJet, among companies reporting earnings. WHAT TO WATCH: India Shadow Lenders Face a Margin Squeeze From RBI Guidelines Jet Airways Creditors Set Two-Week Deadline: Mint Modi Election Sweep Could Help Rupee Buck Its May Curse: Chart Day After Modi Was Re-Elected, Foreign Funds Buy Indian Bonds Arcelor, Resurgent Said to Mull Joint Bid for Essar Power Plant Bharat Heavy Debt Risk Rises 5 Levels in Bloomberg Model Modi, Resist the Urge to Be India’s Xi Jinping: Andy Mukherjee India’s NTPC Studying Buying 700 MW Coal-Power Project: Official India’s April Crude Oil Output Declines 6.9% Y/y; Gas Dips 0.3% India Regulator Tightens Disclosure Rules for Listed Corp Bonds Anil Ambani to Sell Big FM Radio Unit for at Least $151 Million Billionaires Differ Over ‘One Issue’ at Top Asian Budget Airline o IndiGo CEO Dutta doesn’t elaborate on what the issue is IndiGo Sees Capacity Rising 30% After Profit Jumps Fivefold Gail Investing 550B Rupees in Pipelines, Petrochem, City Gas India Sugar Prices Seen Stable as State Support Seen Continuing Sell the Rally in India Stocks as Headwinds Persist: BofAML India Corp Bond Issuances Seen at INR7 Trillion in FY20: Care Siemens COO Sees No Impact From U.S. Ban on Huawei As of Now Global Funds Buy Net 4.61b of India Equity Derivatives Monday o Global Funds Buy Net INR12.2b India Stocks Monday: NSE o Foreign Investors Buy Net INR3.92B Indian Equities May 24 MEDIA REPORTS: Ficci demands stimulus package to pump-prime slowing economy: PTI India Ratings Expects India GDP Growth At 6.9% In FY19, Lower Than CSO Estimate: PTI RBI May Ease Voting Rules on Debt Workouts: Business Standard GOVERNMENT: 3pm: New Delhi. I&B Secretary Amit Khare to address at the session with John Bailey, president of Academy of Motion Pictures Arts and Sciences. CENTRAL BANKS (All times India Time): Indian states to Sell 55b rupees of bonds on May 28 RBI to conduct 245b rupees of 14-day term-repo auction JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INZ000174034 EARNINGS: (net income adj. ests. in INR where available) Adani Transmission (ADANIT) 4Q Aegis Logistics (AGIS) 4Q 581m (3) Aster DM Healthcare (ASTERDM) 4Q Aurobindo Pharma (ARBP) 4Q 6.62b (19) Galaxy Surfactants (GALSURF) 4Q Gujarat Alkalies (GALK) 4Q Himadri Speciality Chemical (HSCH) 4Q 786m (3) Himatsingka Seide (HSS) 4Q 530m (3) Hindustan Copper (HCP) 4Q Info Edge India (INFOE) 4Q 815m (9) IRB Infrastructure (IRB) 4Q 2.49b (11) Ircon International (IRCON) 4Q ITI (ITI) 4Q Lakshmi Vilas Bank (LVB) 4Q Manpasand Beverages (MANB) 4Q Max Financial Services (MAXF) 4Q Minda Corp (MDA) 4Q 391m (3) Navkar Corp (NACO) 4Q 165m (3) NMDC (NMDC) 4Q 11.3b (11) Pfizer India (PFIZ) 4Q 1.35b (4) Punjab National Bank (PNB) 4Q 99.6m (17) Shipping Corporation (SCI) 4Q SpiceJet (SJET) 4Q 1.34b (9) Sun Pharmaceutical (SUNP) 4Q 9.76b (22) Tamil Nadu Newsprint (TNNP) 4Q TeamLease Services (TEAM) 4Q 277m (10) Zydus Wellness (ZYWL) 4Q 701m (3) BONDS SALE: PRICED: NLC India INR14.75b 10Y Bonds at 8.09% Tata Power Renewable Energy Sells INR5b 10y FRN CONFERENCES/CORPORATE EVENTS: 11:30am: Chennai. SonyLIV to announce launch of Tamil content with Uday Sodhi, Business Head Digital, SPN 12pm: New Delhi. Kamlesh Rao, MD & CEO of Kotak Securities to discuss with media on ’Market Outlook Post Lok Sabha 2019 Election Results’ ANALYST ACTIONS: Indian Oil Upgraded to Buy at Nomura; PT 200 Rupees HPCL Upgraded to Buy at Nomura; PT 380 Rupees BPCL Upgraded to Buy at Nomura; PT 520 Rupees Zee Downgraded to Neutral at Credit Suisse; PT 390 Rupees JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INZ000174034 MARKETS (As of 7:30am Local Time): S&P 500 up 0.14% to 2,826.06 STOXX Europe 600 up 0.1% to 376.37 MSCI Asia Pacific Index up 0.1% to 153.39 Gold spot down 0.2% to $1,282.93 Brent Futures down 0.1% to $70.07/bbl Sensex up 0.63% to 39,683.29 Nifty Index up 0.68% to 11,924.75 SGX Nifty futures up 0.1% to 11,935 INR little changed at 69.5038 Yield on 7.26% bonds maturing Jan 2029 at 7.17% on May 27 INR Bonds Gain on Foreign Demand, Rate Cut Wagers: Inside India EQUITY PREVIEW: Abbott India (BOOT): 4Q net income 1.13b rupees, revenue 9.06b Adani Ports (ADSEZ): 4Q net income 12.8b rupees, misses est. 13b Emami (HMN): 4Q net income 561.5m rupees, misses est. 1.09b Hindustan Aeronautics (HNAL): Says staff, 6 contractors misappropriated fund; CBI investigating the matter Hotel Leela (LELA): 4Q loss 298.2m rupees, revenue 430.6m InterGlobe Aviation (INDIGO): 4Q profit 5.9b rupees, beats est. 3.79b o IndiGo Founders Debating on ‘One Issue’ Right Now, CEO Says Music Broadcast (RADIOCIT): 4Q profit 183.5m rupees, est. 168.6m; Sign pact with Reliance Broadcast to acquire 24% in RBNL for INR2.02b Natco Pharma (NTCPH): 4Q net income 1.2b rupees, misses est. 1.69b NMDC (NMDC): Iron Ore price hike is the steepest in seven months Oil India (OINL): Reports unexpected 4Q loss 2.09b rupees, est. profit 6.99b; 4Q revenue 30.9b rupees Reliance Capital (RCAPT): Says Music Broadcast to buy RBNL stake at INR10.5b EV Zee Entertainment (Z): 4Q net income 2.92b rupees, misses est. 3.37b .
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